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The Sunnyvale real estate market is appreciating at an incredibly fast rate. The month over month changes might be reflective of appreciation in a normal  year.

Here are a few quick points from the single family home market below:

  • The sale to list price ratio rose higher again, with homes selling on average at 121.8% (+0.2% from last month, +18.2% from a year ago)
  • Days on market were at 9 in April, down from 14 in March and down from 10 a year ago.
  • The average sale price was $2,607,490 (-7.2% from March 2022 and +17.6% from April 2021)
  • The median sale price was $2,600,000 (-4.7% from last month and +17.6%  from last year)
  • Active listings shrunk again, and sat at 33 at the end of April (down from 35 in March and 40 from April 2021)

The bottom line is that there’s not enough inventory but it seems like every potential buyer wants to get a home ASAP, before interest rates rise any further and before stocks tank any further.

The Real Estate Report numbers for Sunnyvale (entire city), single family homes

PLEASE visit our ReReport page for data here, throughout Santa Clara County, and also for San Mateo and Santa Cruz Counties.

(If you’re viewing this on a mobile phone, swipe horizontally to see the full chart if it goes off the screen.)

Sunnyvale realty market statistics: down month over month, but up substantially year over year

Trends At a Glance Apr 2022 Previous Month Year-over-Year
Median Price $2,600,000 (-4.7%) $2,729,000 $2,200,000 (+18.2%)
Average Price $2,607,490 (-7.2%) $2,808,450 $2,216,720 (+17.6%)
No. of Sales 65 (+47.7%) 44 63 (+3.2%)
Pending 107 (-5.3%) 113 73 (+46.6%)
Active 33 (-5.7%) 35 40 (-17.5%)
Sale vs. List Price 121.8% (+0.2%) 121.5% 114.0% (+6.9%)
Days on Market (-35.0%) 14 10 (-5.2%)
Days of Inventory 15 (-38.3%) 24 18 (-20.0%)

 

You may also want to see how Sunnyvale stacks up to other communities in Santa Clara County. If so, click to see the PDF Real Estate Report for Santa Clara County, updated monthly.

Next up, the live data from Altos Research, updated weekly (uses LIST prices, not sale prices FYI)

 

Sunnyvale SFH Real-Time Market Profile

 

Want more info on the weekly trends and stats? You can view Altos data and analysis on Sunnyvale as a whole OR by zip code.

What about the Sunnyvale condo and townhome market?

The real estate market for the condominiums and townhouses in Sunnyvale, while not so competitive, is still a strong seller’s market.

The closed sales (as seen on the Sunnyvale RE Report for condos and townhomes) show that properties are often selling above list price in this segment of the market, but are nowhere near as hot as houses.

 

Sunnyvale Condo & Townhouse Market Trends at a Glance

More modest gains over last year, slight slowing compared to last month.

Trends At a Glance Apr 2022 Previous Month Year-over-Year
Median Price $1,421,500 (-2.6%) $1,460,000 $1,355,000 (+4.9%)
Average Price $1,419,000 (+0.5%) $1,411,410 $1,287,670 (+10.2%)
No. of Sales 52 (+26.8%) 41 47 (+10.6%)
Pending 59 (-16.9%) 71 55 (+7.3%)
Active 34 (+54.5%) 22 38 (-10.5%)
Sale vs. List Price 114.0% (+1.8%) 112.0% 106.8% (+6.7%)
Days on Market 10 (+32.3%) 8 18 (-44.6%)
Days of Inventory 19 (+17.8%) 16 23 (-19.1%)

 

And finally, the live Altos Research info (updated automatically each week – using list prices, not sold prices)

 

Sunnyvale Condo and Townhouse Real-Time Market Profile

In the most recent update, condos are in a strong sellers market with elevated market action starting to back down a hair and continually shrinking inventory.

Use this link to see the Altos weekly report for condos and townhomes in the City of Sunnyvale, or navigate to your preferred zip code there or anywhere in the region. Like the info? Sign up to get it in your email box each week.

Sunnyvale, like the rest of Santa Clara County, has its own micro markets. The areas by 237 and 101 will be a different home selling or buying experience than those west of El Camino Real or along the Los Altos border. Want to buy or sell in Sunnyvale? Please call or email me to set up a time to meet or talk by phone (no obligation, no pressure – I dislike pushy people as much as you do).

Do you find this kind of info useful? If so, I’d love to hear from you – my email address is mary@popehandy.com. Please tell your friends, especially if they are interested in buying or selling residential property here!

Related Reading:

City of Santa Clara real estate market

Cupertino Real Estate Market Trends and Statistics

The Evergreen area of San Jose

Did you overpay for your house?

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